Europe’s Contempt For Big U.S. Business Is Rooted In Envy (From RealClearMarkets)

In the classic movie The Godfather, Michael Corleone advises a young man to get a business degree to supplement his fine arts education to better provide for his future children. “This contempt for money is just another trick of the rich to keep the poor without it,” says Corleone.

European regulators’ contempt towards large U.S. businesses shows a similar manipulative cynicism towards its people. While the European Union (EU), through its Parliament and governing European Commission, has adopted onerous laws and imposed draconian fines for years, mostly against the tech sector, it does so with big company envy.

To be blunt, Europe wants what America has. Paul Steidler discusses this in an Op-Ed in RealClearMarkets here.